SBI Debt Fund for 90 days – Series 52

Published: Monday, November 14, 2011, 15:38 [IST]

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With headline inflation at 9.73% in October, no signs suggest that interest rates will come down in near future, this provides you an excellent opportunity to invest in any short term investment plan if you hold a surplus cash with you.

SBI Mutual Fund is launching new fund named as SBI Debt Fund Series - 90 Days – 52, a close-ended debt scheme with the duration of 90 days.

The fund is especially designed for the people who come under low-risk-low-return profile. The fund carry no risk as it aims to invest in a portfolio of AAA rated government debt instruments so as to provide regular income, liquidity and returns to the investors.

Allocation of Funds:The fund will allocate up to 100% of assets in Government of India dated Securities and Treasury Bills, PSU & Corporate Bonds/Debt Instruments, Money Market instruments. Exposure to securitized debt may be to the extent of 40% of the net assets.

(If you want to read a view about the SBI Debt Fund for 90 days, click here)

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